stockrowSouthwest Airlines Co.
LUV Industrials Airlines
Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.
- Revenue
- +21.2%
- EPS
- +450.0%
- Free cash flow
- +46.9%
- Total debt
- +43.5%
Quarter to September 2026, against a year earlier
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Southwest Airlines Co. (LUV) Shares outstanding
Southwest Airlines Co.'s shares outstanding at the end of fiscal 2025 was $558.0M, down 13.2% from $643.0M in fiscal 2024. At the end of the quarter to 30 September 2026 it was $494.0M. Over the past ten years it has ranged from $539.0M (fiscal 2019) to $669.0M (fiscal 2015); the current reading is higher than 18% of that period. Southwest Airlines Co. ranks 5th of 18 Airlines companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $558.0M | (13.22%) |
| FY2024 | $643.0M | 0.47% |
| FY2023 | $640.0M | (0.31%) |
| FY2022 | $642.0M | 5.42% |
| FY2021 | $609.0M | 7.79% |
| FY2020 | $565.0M | 4.82% |
| FY2019 | $539.0M | (6.10%) |
| FY2018 | $574.0M | (4.81%) |
| FY2017 | $603.0M | (4.74%) |
| FY2016 | $633.0M | (5.38%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $494.0M | 0.20% |
| Jun 2026 | $493.0M | (1.99%) |
| Mar 2026 | $503.0M | (9.86%) |
| Dec 2025 | $558.0M | 6.08% |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| AAL American Airlines Group Inc. compare | $662.7M |
| DAL Delta Air Lines, Inc. compare | $659.0M |
| RYAAY Ryanair Holdings PLC compare | $523.0M |
| LUV Southwest Airlines Co. | $494.0M |
| UAL United Airlines Holdings Inc compare | $327.4M |
| LTM LATAM Airlines Group S.A. compare | $286.8M |
| ALK Alaska Air Group, Inc. compare | $111.6M |
| CPA Copa Holdings, S.A. compare | $40.9M |
| SKYW SkyWest, Inc. compare | $38.8M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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